#AbuDhabiStablecoin Abu Dhabi is set to launch a new stablecoin pegged to the UAE dirham (AED), pending regulatory approval from the Central Bank of the UAE. This initiative is a collaboration between three major institutions: First Abu Dhabi Bank (FAB), Abu Dhabi’s sovereign wealth fund ADQ, and the International Holding Company (IHC). The stablecoin will operate on the ADI blockchain, developed by the ADI Foundation, aiming to facilitate secure and efficient digital transactions. Designed to support advanced use cases like machine-to-machine communication and AI-driven payments, the stablecoin aligns with the UAE's broader strategy to enhance its digital infrastructure and position itself as a leader in global blockchain innovation. ([Abu Dhabi institutions plan a dirham-pegged stablecoin](https://dig.watch/updates/abu-dhabi-institutions-plan-a-dirham-pegged-stablecoin?utm_source=chatgpt.com))